Asia market set to fall as investors await key US inflation data; Nik,29138/-100/-0.35% Dj,33561/-57/-0.17% Vix17.71//4% US stock futures are flat as investors await key inflation data, BC 27716/287/1%

• Oil, 73.52,up on higher seasonal demand,SPR refill; Gold,2041.8,up ; Bonds,3.507; Dollar,rangebound as markets eye US inflation data,debt ceiling talks
• Nifty:18265.95/1.55/0.01%;Candle:OGU,Doji; Bank Nifty:43198.15/-85.85/-0.2% Candle:OGU,Doji ; HB:OGU,Doji,1646,
• Nifty :Supp Rest
• Banknifty:Supp Rest .
• SGX Nifty:18347/36/0.2%     FII Long48%FutCash;1842;Opt94%
• OI data Nifty  ( max pain W18250M)
• OI data Bank Nifty Nifty(max pain W M)
• News:The SGX Nifty indicates a positive start for the broader index with a gain of 33 points on Wednesday. SGX futures stood at 18,344. Mankind Pharma takes a 32% leap on debut despite volatility gripping the market, Nexus Select Trust REIT IPO subscribed 28% on first day of offer,
• Events/Results:Larsen & Toubro, Dr Reddy’s Laboratories, Bosch, Escorts Kubota, Godrej Consumer Products, BASF India, Cera Sanitaryware, Chambal Breweries & Distilleries, Gujarat Gas, HG Infra Engineering, JBM Auto, Novartis India, Orchid Pharma, Procter & Gamble Hygiene & Health Care, Pricol, Relaxo Footwears, Sanofi India, and Venky’s India will be in focus ahead of quarterly earnings on May 10.
• The National Stock Exchange added Canara Bank, and retained BHEL, GNFC and Manappuram Finance to its F&O ban list for May 10. 
• Market wrap up(DWM,T,N,E):The market erased gains in the later part of the trade and finally settled the session flat on May 9 as auto, technology and pharma stocks provided support to benchmark indices, but there was selling pressure in select banking and financial services and FMCG stocks. The BSE Sensex was down 2.92 points at 61,761, while the Nifty50 was up 1.6 points at 18,266 and formed a Spinning Top kind of pattern on the daily charts, with a neutral pattern indicating tug of war between bulls and bears. “A small negative candle was formed on the daily chart with minor upper and lower shadow. Technically, this pattern indicates the formation of a Spinning Top or High Wave Type candle pattern, not a classical one. Such pattern formations after a reasonable upmove or at crucial resistances act as a short-term reversal pattern on the downside post confirmation,” the short-term uptrend of Nifty remains positive, but the signs of tiredness have started to be visible at the important resistance of 18,300 levels. “Some more consolidation or minor downward correction is not ruled out in the short term before showing another round of upside bounce from the higher lows. Immediate support is at 18,100 levels,” The Nifty Midcap 100 and Smallcap 100 indices also closed flat, while the market breadth was in favour of bears.